ECB sells Steinhoff's bond after accounting scandal
Frankfurt: The European Central Bank has sold its bonds of scandal-hit South African retailer Steinhoff, data showed on Monday, potentially suffering a loss of up to 55 percent on that investment.
Steinhoff, the owner of more than 40 multinational retail brands including Conforama, Mattress Firm and Poundland, revealed “accounting irregularity” last month along with the immediate departure of its chief executive.
Its latest bond was worth as little as 45 percent of the value at which it was issued late last July, when the ECB bought it as part of its stimulus program.
It no longer features on a list of credit holdings published on Monday by the ECB.
Iranian Foreign Minister Mohammad Javad Zarif on Sunday called for practical measures by the European parties toward the 2015 nuclear deal to save the accord.
Safaricom has suffered a voice and data outage affecting critical transmission equipment because of a damaged fibre link, Kenya’s biggest telecoms company said.
Rahul Gandhi today alleged there was certainly a "scam" in the controversial Rafale jet deal with France and accused Defence Minister Nirmala Sitharaman of doing a "flip-flop" on the secrecy clause.
Arvind Kejriwal announced that financial assistance for Resident Welfare Assocations (RWAs) and NGOs registered with the Delhi Parks and Gardens Society (DPGS) for maintenance of parks and gardens would be doubled from Rs 1 lakh to Rs 2 lakh.
U.S. director of intelligence Dan Coats said he in no way meant to be disrespectful toward President Donald Trump with what he called his “awkward response” to news of a second planned Trump summit with Russian President Vladimir Putin.
The station, which was named after Lord Elphinstone, the Governor of Bombay Presidency from 1853 to 1860, has now been renamed in honour of a local deity.
Lavasa -an ultimate getaway, a city that would offer the charms of European locales, with five star comforts in a scenic part of Maharashtra has now become an abandoned town.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.